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Both Bitcoin and Litecoin traded mostly flat since our last update seven days ago. Bitcoin is quoted at $3,920 dollars per coin right now, down from $3,974 last Tuesday. Its little brother is trading at $52.71, down by 3.1 percent.
Bitcoin Mostly Fla...

... taking "the heat" to Siberia?
If anyone wanna practice Bitcoin`s reverse-polish notation AND simultaneously get ready for programming nanobots, try this: http://grobots.wikia.com/wiki/Grobots_Wiki
40:49 well, depth would be the number o...

Hey guys.
Did i understand it correctly. I can swap my LTBC to get POE.
Do i get the same amount?
My last question is it possible to send it from poloniex or do i need to use Counterwallet?
best regards
Sebastian

Russia exports more oil then Saudi. I respect Andreas very much, but he should pay more attention to tangible stuff in the world too.
With crypto you can move anything in the world. Anything but natural resources sources.

You're putting the cart before the horse. Bitpay doesn't pick which technologies they support, their customers do. Bitpay doesn't pay transaction fees on the network, their customers do. When customers tell Bitpay they want to be able to use Bitco...

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Where exactly does my new LTB Companion wallet (which I created through a Chrome extension) reside at the moment?

The wallet data (passphrase, address labels, etc.) is stored locally on your hard drive. The actual location of the files is in the Chrome Application folder if you download from the Chrome Web Store.

On the wallet settings tab there is a button that says "encrypt wallet". This seems to imply to me that currently it is sitting around on my PC somewhere unencrypted - and vulnerable... is my understanding correct? Should I encrypt my wallet if I intend to store any amount of value in it?

It's up to you to encrypt your wallet if you want that layer of protection. The passphrase is on your computer and never leaves your computer (transactions are constructed and signed locally, then sent to the bitcoin network). The encryption layer is primarily for a physical intrusion (someone at your computer trying to access your wallet). It's something you need to remember, so keep that in mind. If you forget the encryption password, you will not have access to your wallet.

I've often heard that you should treat online wallets similar to real wallets - and only carry around pocket change in them; is this still the case?

Analogies aside; the thing that you need to keep safe is your 12-word passphrase. If you think you can do that by keeping your computer itself safe, then you can keep more than pocket change in your wallet.

Consider trying Tokenly Pockets (http://pockets.tokenly.com). It has all the same functionality as LTB Companion and is more up to date.

Calling it a second "layer of protection" makes it sound more secure than Counterwallet, but I think you can only say that if you're comparing leaving your Counterwallet active on your browser, vs. using Tokenly Pockets with a password.

This isn't really a fair comparison. Data stored in a Chrome extension is sandboxed from the rest of the web (and other browser extensions), and data in a browser (i.e. Counterwallet) does not have that level of security. Since Counterwallet requires you to enter your 12-word passphrase every time, unless you've memorized it, you'll need to have it written down somewhere either on paper or on your computer which are both less secure than having it encrypted in the local storage of Tokenly Pockets. There's also the option to download the Tokenly Pockets source which would prevent you from receiving updates but would be much more secure than Counterwallet running on a web server since the code is stored and served locally and can easily be audited before using.

@rob
Is there a good way to embed a hash in the blockchain using Counterwallet (with similar results to ProofOfExistence.com, but I'll provide the hash value)? I've heard that it's doable, and someone mentioned using the Broadcast function. I see Address Action>Feed Broadcast, but it doesn't scream as an obvious way to do it, with the various fields that pop up. Anyone know?

Select Feed Broadcast and just paste your hash into the broadcast text field. You can leave all the other fields as is.

Pay with Pockets wasn't supposed to help them with the QR code, that was a seperate part of the conversation. I was proposing they make their wallet able to recognize the same code we use for Pay with Pockets, which would let them then insert a button that could copy that identified information into the right parts of the app, which then becomes the focus of the window.

Or am I totally wrong?

No way for them to insert a button. If anything, Tokenly would need to serve the code with the button and customized link, which Indiesquare would recognize. I think it's better to go the univeral route and establish a URI scheme for any counterparty transaction and encode it into the qr code, which would be inline with what's done in bitcoin.

So should we schedule a call with someone technical on the indiesquare team and talk about this, or do you just want to write up a document when you get time?

I think if we just agree on the scheme here in this thread that would be enough to get started. It's pretty straightforward if we use bip0021 as a model. Devon can then generate the qr codes from the new payment URI and Indiesquare can parse it. I don't think there is any other wallet that can take advantage of the qr code so now would be the time to do it.

Pay with Pockets wasn't supposed to help them with the QR code, that was a seperate part of the conversation. I was proposing they make their wallet able to recognize the same code we use for Pay with Pockets, which would let them then insert a button that could copy that identified information into the right parts of the app, which then becomes the focus of the window.

Or am I totally wrong?

No way for them to insert a button. If anything, Tokenly would need to serve the code with the button and customized link, which Indiesquare would recognize. I think it's better to go the univeral route and establish a URI scheme for any counterparty transaction and encode it into the qr code, which would be inline with what's done in bitcoin.

yeah I think it's almost a necessity that IndieSquare Wallet is able to recognize the protocol and read both the address and amount.

We are focused on the release of the next update(ShapeShift integration and etc) but we will definitely look into this and probably make it happen sometime later. Hope it won't require a lot of work (I'm not a dev myself...)

Type of token is actually one of the biggest things it does. When we were working just with bitcoin URI's it became obvious that making all the information machine readable would really simplify the payment process and it does, takes like 10 seconds to complete a purchase if you just have to load the wallet, select the address and click "send" without having to select type of token, quantity of token or destination address.

The "Pay with Pockets" nomenclature has more to do with the text we use on our buttons than anything else, I'd imagine you guys would just need to create some recognizable button art (Pay with IndieSquare) and connect the dots. This is already live on all our services except the auctioneer prototype and also this website.

I don't thing Pay with Pockets is going to help @cointea1121 with the QR code. It would make sense to take this opportunity to standardize a URI scheme for Counterparty payments. This is how it's currently done for bitcoin QR codes... (see https://en.bitcoin.it/wiki/BIP_0021)

bitcoin:[bitcoin address]?amount=&label=&message=

I imagine Counterparty should follow a similar scheme and just include the token parameter, like this...

On Today's Show

LTB Community Recent Posts

Both Bitcoin and Litecoin traded mostly flat since our last update seven days ago. Bitcoin is quoted at $3,920 dollars per coin right now, down from $3,974 last Tuesday. Its little brother is trading at $52.71, down by 3.1 percent.
Bitcoin Mostly Fla...

... taking "the heat" to Siberia?
If anyone wanna practice Bitcoin`s reverse-polish notation AND simultaneously get ready for programming nanobots, try this: http://grobots.wikia.com/wiki/Grobots_Wiki
40:49 well, depth would be the number o...

Hey guys.
Did i understand it correctly. I can swap my LTBC to get POE.
Do i get the same amount?
My last question is it possible to send it from poloniex or do i need to use Counterwallet?
best regards
Sebastian

Russia exports more oil then Saudi. I respect Andreas very much, but he should pay more attention to tangible stuff in the world too.
With crypto you can move anything in the world. Anything but natural resources sources.

You're putting the cart before the horse. Bitpay doesn't pick which technologies they support, their customers do. Bitpay doesn't pay transaction fees on the network, their customers do. When customers tell Bitpay they want to be able to use Bitco...